Resources

According to Vineet Arya, Founder, COHIIRE, the biggest impact that an outsourcing model can bring to young organisations or growing companies is instantly getting an experienced, matured and skilled C Level brain as CHRO or HR Head with at least 15-20 years of experience at a divided cost.

A new age concept aligned to Gig Economy, COHIIRE is custom-built to work for young companies looking to scale-up fast on low cash burns. It is to people what co-work is to spaces. Here startups/SMEs/ Companies can hire C-Level managers on a shared basis. Thus, they can enjoy the full benefits of a proven CXO at a divided cost. The concept is founded on the belief that top talent is hard to get. By enabling it to be shared (or Co-Hired) this concept simply maximizes the availability and accessibility of such talent. It also has several benefits that the company Founder, Vineet Arya has underlined in the interview.

With the changing dynamics at the workforce and hybrid models taking center stage, many organizations are looking at the gig economy model to map their leadership trajectory.

The Covid second wave has hit the hiring industry harder than its predecessor. For instance, according to the Wall Street Journal, millions of white-collar jobs spanning across industries are at stake due to longer shutdowns. In 2020, the economic slowdown affected the most and companies had let go of their - tier-III or less - employees. But the second wave has mostly affected the high paid and higher skilled workforce in every sector.

The Gig CxO concept is slowly gathering momentum where corporates are on the lookout for ‘specialists’ for considering a job quickly, expertly and most importantly, at lower costs. In sectors like Fintech, EdTech, Constructions, Digitization and Regulatory Approvals, corporates are starting to prefer a specialist (a temp CxO) over a full-time role.

Danish physicist Neils Bohr once stated that an expert is a man who has made all the mistakes that can be made, in a narrow field. Simply put, an expert has a lot of experience and can fast track solutions to a problem with the least scope for error.

Not just limited content creators and blue-collar workforce, the gig economy is a trend that is steadily growing due to its flexibility and potential for financial security. Also known as the expert on-demand economy, where companies are engaging experts to perform certain tasks while allowing them to get the work done at a fraction of the cost, companies are actively retaining top talent.

Are you a talent acquisition manager, human resource manager, a start-up, an entrepreneur looking for specialized guidance from an expert-on-demand? Somebody who has all the essential knowledge, expertise and experience to identify the risks and opportunities associated with your business and provide you with the right guidance to deal with corporate challenges?

The second wave of the COVID-19 pandemic created a surge and transformed the gig economy in India like never before. Companies, both old and new, streamlined their talent pool to largely include project managers and needle movers who could contribute to the bottom line.